What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23)Flight check for newly overhauled engine with pilot and mechanic on board. All ground run-up was good. Immediately after takeoff the engine lost 100 rmp but never quit. Pilot elected to land straight ahead into Pensacola bay. Results engine teardown were negative. Carburetor teardown inspection revealed float 30/1000 too high and total float travel too great. Result would be lean condition. Total time since overhaul for both engine and carburetor is approximately twenty-five minutes.
As the FAA filed it
(-23)FLIGHT CHECK FOR NEWLY OVERHAULED ENGINE WITH PILOT AND MECHANIC ON BOARD. ALL GROUND RUN-UP WAS GOOD. IMMEDIATELY AFTER TAKEOFF THE ENGINE LOST 100 RMP BUT NEVER QUIT. PILOT ELECTED TO LAND STRAIGHT AHEAD INTO PENSACOLA BAY. RESULTS ENGINE TEARDOWN WERE NEGATIVE. CARBURETOR TEARDOWN INSPECTION REVEALED FLOAT 30/1000 TOO HIGH AND TOTAL FLOAT TRAVEL TOO GREAT. RESULT WOULD BE LEAN CONDITION. TOTAL TIME SINCE OVERHAUL FOR BOTH ENGINE AND CARBURETOR IS APPROXIMATELY TWENTY-FIVE MINUTES.